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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. sven's home security gets the most rewards of any small business credit card! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve the most rewards! [ male announcer ] the spark business card from capital one. ch
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students...
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Oct 10, 2012
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ] live the regular life. phillips'. >>> just moments ago, president obama admitting this to abc news. >> well, governor romney had a good night. i had a bad night. it's not -- >> how bad? >> well, it's not the first time i've had a bad night, but i think what's important is that the fundamentals of what this race is about haven't changed. >> those are pretty direct admission and it came just hours after the president offered up this explanation. little bit different. for his performance last week. >> you know, the debate i think is fair to say i was just too polite. it'
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. anyone have occasional constipation, diarrhea, gas, bloating? yeah. one phillips' colon health probiotic cap each day helps defend against these digestive issues with three strains of good bacteria. approved! [ female announcer ]...
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Oct 10, 2012
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i think let them keep doing that, because they don't really want to talk about the economy. i think what the american people saw the other night was the true barack obama, when he doesn't have a teleprompter, when he's not scripted, and when the media aren't there to really take over for him, you kind of see what we've always seen for the last four years, not a lot of leadership, not a lot of plans, just somebody who really enjoys being the president. i think he's a nice guy but i think he's in way over his head. >> charles, i was watching wolf blitzer's very good interview with mitt romney earlier today. the one overriding thing that struck me, romney now believes he can win. he looks presidential, he sounded the part, he was measured, he was articulate. he had good answers for every question. this is a guy who has got his gander up. >> right. but what the debate showed us is how quickly the winds can shift. so when you had the conventions, the winds were at obama's back. obama basically, the democrats put on a better convention, quite frankly so they had the momentum. now
i think let them keep doing that, because they don't really want to talk about the economy. i think what the american people saw the other night was the true barack obama, when he doesn't have a teleprompter, when he's not scripted, and when the media aren't there to really take over for him, you kind of see what we've always seen for the last four years, not a lot of leadership, not a lot of plans, just somebody who really enjoys being the president. i think he's a nice guy but i think he's in...
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Oct 10, 2012
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i want to encourage the economy to grow again. it's pretty clear that the economy is not growing at the rate it should under the president. and i can tell you with regards to the deductions you describe, home mortgage interest deduction and charitable contradictions will of course continue to be preferences for those types of expenses. >> so even wealthy people, would you put a cap on how much they could deduct, for example, as far as charitable contributions are concerned? because i've heard you mention the $17,000 cap, if you will, for some folks out there. i'd like you to elaborate, if you don't mind. >> well, i'm not going to lay out a piece of legislation here because i intend to work together with republicans and democrats in congress, but there are a number of ways one could approach this. one would be to have a total cap number. it could be $25,000, $50,000. and people could put whatever deduction in that total cap they'd like. or instead you can take the posture that boll simpson did which is going after specific deductio
i want to encourage the economy to grow again. it's pretty clear that the economy is not growing at the rate it should under the president. and i can tell you with regards to the deductions you describe, home mortgage interest deduction and charitable contradictions will of course continue to be preferences for those types of expenses. >> so even wealthy people, would you put a cap on how much they could deduct, for example, as far as charitable contributions are concerned? because i've...
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right now he's talking about what voters care about, which is jobs, the economy, rising deficits. >> i understand. hang on. hang on. hang on. ron, we're not going to do talking points here. i'm asking you a very simple question. >> i'm not doing talking points. >> i didn't ask you about the economy. we can get to that. what did he mean in his statement that seems to be contradictory statements? >> i just told you what he meant. he said that his agenda is not going to be focused on abortion. it's going to be -- he did not say it was going to be focused on other issues, but obviously it's going to be. that's why he talked about the economy, what voters care about in these 27 days. >> romney was criticized for changing views on key issues and former president clinton had something to say about it. take a listen. >> i had a different reaction to that first debate than a lot of people did. i thought, wow! here is old moderate mitt. where have you been, boy? i missed you all these last few years. just show up with a sunny face and say, i didn't say all that stuff i said the last two years.
right now he's talking about what voters care about, which is jobs, the economy, rising deficits. >> i understand. hang on. hang on. hang on. ron, we're not going to do talking points here. i'm asking you a very simple question. >> i'm not doing talking points. >> i didn't ask you about the economy. we can get to that. what did he mean in his statement that seems to be contradictory statements? >> i just told you what he meant. he said that his agenda is not going to be...
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Oct 10, 2012
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this slows down the economy. it makes it harder for businesses to grow and hire more people and to raise wages. so unlike the president, when i finally get this shot, i will cap federal spending. i will cut federal spend and get us on track to a balanced budget. thereby other differences as well. the government is planning on through obama care cutting medicare for our current retirees by $716 billion. i hi that's wrong. i think we must honor the promise made to our seniors. i will restore that funding and make sure we protect medicare. one more thing i'll mention. the president's budget calls for shrinking our military by hundreds of billions of dollars and then the sequestration idea the white house came up with, cuts it another few hundred billion. the secretary of defense has called those kinds of cuts devastating to our national security. i will not cut our military. i'll restore that funding and keep our military second to none in the world. now, there's one more place where you saw a distinction between th
this slows down the economy. it makes it harder for businesses to grow and hire more people and to raise wages. so unlike the president, when i finally get this shot, i will cap federal spending. i will cut federal spend and get us on track to a balanced budget. thereby other differences as well. the government is planning on through obama care cutting medicare for our current retirees by $716 billion. i hi that's wrong. i think we must honor the promise made to our seniors. i will restore that...
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everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. >>> if mitt romney would like to win the white house, he will almost have to certainly win ohio. and he is gaining ground there. new cnn/orc poll of ohio likely voters shows that mitt romney is within four points of the president, considered to be a statistical dead heat. john king is live in columbus, ohio, this morning. mitt romney's real challenge in ohio is women, isn't it? >> reporter: it is, soledad. mitt romney is up in the suburbs, up among independents, put ohio back into play from where it was before the first dough bait. the president gets huge support among after rick aan americans, including african-american women. the big warning sign for mitt romney is white women. the light's still on past midnight, another 20-hour day for jessica lundgren. >> i'm a single mom to a daughter, i work full time an
everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. >>> if mitt romney would like to win the white house, he will almost have to certainly win ohio. and he is gaining ground there. new cnn/orc poll of ohio likely voters shows that mitt romney is within four points of the president,...
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you do what you have to do in this economy. sdoo her vote, she says, is for jillian's future. she was leaning mitt romney until his own words pushed her back to undecided. sfoo speaking about, you know, the 47% and i can't really worry about tlem. how can you put your faith and trust in a candidate that doesn't care about everybody? still a narrow barack obama line. white women are the battleground within the battleground. our new cnn poll shows 52% support the president now. that's up from the 47% he received here in 2008. >> they're all worried about putting food on the table, raising kids who are happy and healthy, who are going to have a good future, graduate into a economy where they can find a job. >> democratic pollster marjorie o'mearo has been constitutying so-called "wal-mart moms" for several years. >> we've proven them to be swing voters. in 2008 they voted for obama. in early 2010 they were a little bit more divided. by november 2010 they were decidedly republican. >> i was wondering if mitt romney and paul ryan and josh mandelle can count on your vote in this ele
you do what you have to do in this economy. sdoo her vote, she says, is for jillian's future. she was leaning mitt romney until his own words pushed her back to undecided. sfoo speaking about, you know, the 47% and i can't really worry about tlem. how can you put your faith and trust in a candidate that doesn't care about everybody? still a narrow barack obama line. white women are the battleground within the battleground. our new cnn poll shows 52% support the president now. that's up from the...
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(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. >>> our third story "outfront." for the fourth day running, gas prices on the west coast in california were a record high. the national average, $3.80. in california almost a dollar higher. one way to bring down costs, more drilling, and that is a highly political topic. today shell is trying to do that. drilling in the arctic chukchi sea for the first time in two decades, say they could meet a fifth of our country's energy needs. environmental groups are fighting it hard, saying the unpredictable climate means another oil spill is likely and could be catastrophic and an oil s
(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve...
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Oct 10, 2012
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and he's doing a good job of trying to bring the economy back, trying to get us jobs. could he have done a better job? of course. of course. will he do a better job? i think if he gets four more years, i think he will. >> you know, it's interesting, when people look at you, i don't know what they think. they think a lot of things, okay? because you've got -- you bought the dodgers for a couple billion dollars, theatres, you name it, sports team, tv networks, everything. but a lot of those things and a lot of the wealth you have accumulated would lead a lot of people to say, look, this guy has got to be a republican. >> i know, i know. >> but you're not. >> but i'm not. i know. he's talking about taxing the wealthy, and he's talking about taxing planes. i own a plane. >> that's you. >> i know, i was like, oh, okay. thanks a lot, president obama. but i'm still supporting him. >> i don't know if you heard about the stacy dash incident yet? have you heard about this? >> no. >> obviously those of you familiar with her, you are. she was in the movie "clueless" and "csi." ver
and he's doing a good job of trying to bring the economy back, trying to get us jobs. could he have done a better job? of course. of course. will he do a better job? i think if he gets four more years, i think he will. >> you know, it's interesting, when people look at you, i don't know what they think. they think a lot of things, okay? because you've got -- you bought the dodgers for a couple billion dollars, theatres, you name it, sports team, tv networks, everything. but a lot of those...
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the economy doesn't currently pose a threat to your job. what does threaten your job, however, is another four years of the same presidential administration. he says people will lose their job if obama is still in the white house. he's kind a character, actually. >> he seems like a little pressure to be saying that to his 7,000 employees. >> he says he won't fire them, but keep in mind that an obama presidency would be bad. >> he talked about the recession affecting his business and how he made it back. it is very detailed. >> christine romans, thank you very much. >>> when we come back, what not to wear at the airport. body armor for one. and that is just the start of what one man had with him when trying to board a flight. we have the full story coming up. e gether, and these come together, one thing you can depend on is that these will come together. delicious and wholesome. some combinations were just meant to be. tomato soup from campbell's. it's amazing what soup can do. tomato soup from campbell's. online outfit piccolo headphones bu
the economy doesn't currently pose a threat to your job. what does threaten your job, however, is another four years of the same presidential administration. he says people will lose their job if obama is still in the white house. he's kind a character, actually. >> he seems like a little pressure to be saying that to his 7,000 employees. >> he says he won't fire them, but keep in mind that an obama presidency would be bad. >> he talked about the recession affecting his...
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we talked about the economy, he really is not proposing anything he hasn't talked about for the last four years. i think the challenge that he has is that his ideas are just not demonstrating the kind of results he would hope for, and people recognize that. >> are you confident, governor, that paul ryan will take on joe biden thursday night the way you took on the president? >> you know, i don't know how paul will deal with this debate. obviously the vice president has done, i don't know, 15 or 20 debates during his lifetime. experienced debater. this is i think paul's first debate. i may be wrong. he may have done something in high school, i don't know. but it will be a new experience for paul, but i'm sure he'll do fine and frankly, paul has the facts at his side, he has policy on his side and we also have results on our side. >> what should you have said about that 47%? >> well, wolf, as you know, i was talking about how do you get to 50.1% of the vote. i would like to get 100% of the vote but i figure that's not going to happen so i try to tell contributors how i get to 50.1%. i
we talked about the economy, he really is not proposing anything he hasn't talked about for the last four years. i think the challenge that he has is that his ideas are just not demonstrating the kind of results he would hope for, and people recognize that. >> are you confident, governor, that paul ryan will take on joe biden thursday night the way you took on the president? >> you know, i don't know how paul will deal with this debate. obviously the vice president has done, i don't...
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economy is growing, but only at modest pace. that's what anecdotes, not hard numbers, from the fed's regional banks suggest about the business climate. 10 of the 12 fed districts reported economic activity in september expanded modestly since the last snapshot. only new york and kansas city saw a leveling off or slowing of growth. residential real estate was the one major sweet spot, showing widespread improvement. >> we've seen a pickup in house prices, we've seen a pickup in construction activity, a little bit better demand for loans. so, it generally corroborates what we've been seeing in the economic reports on the housing market. >> reporter: conditions in the manufacturing sector were mixed, but somewhat improved since the last reading. meanwhile, the job market was little changed since the last report, which was the released in august. that was a bit of a surprise, given the recent drop in the nation's unemployment rate. but, at least one economist says it suggests the lower jobless rate may not be sustainable. >> it does
economy is growing, but only at modest pace. that's what anecdotes, not hard numbers, from the fed's regional banks suggest about the business climate. 10 of the 12 fed districts reported economic activity in september expanded modestly since the last snapshot. only new york and kansas city saw a leveling off or slowing of growth. residential real estate was the one major sweet spot, showing widespread improvement. >> we've seen a pickup in house prices, we've seen a pickup in...
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he's welcomes efforts by indian leaders to reform their economy. geithner met with indian finance minister in new delhi. >> i think the reforms outlined by the government of india are -- offer a very promising path to improving growth outcomes for the indian economy. >> observers say geithner is urging the indian government to proceed with economic reform policies. the prime minister has been trying to implement changes. one example is his push to open the retail sector to foreign supermarkets. but plans to ease restrictions have parked an angry reaction. one political party has left the ruling coalition in protest. >>> german chancellor angela merkel is urging to push forward. implement deep spending cuts in return for financial aid. merkel went to athens were talking. this is her first visit there since greece's fiscal crisis sank in. she says she hopes the country will stay in the eurozone. she says greek leaders have made great strides. she's been demanding they introduce tough deficit cutting measures. greece's politicians hope they'll receive
he's welcomes efforts by indian leaders to reform their economy. geithner met with indian finance minister in new delhi. >> i think the reforms outlined by the government of india are -- offer a very promising path to improving growth outcomes for the indian economy. >> observers say geithner is urging the indian government to proceed with economic reform policies. the prime minister has been trying to implement changes. one example is his push to open the retail sector to foreign...
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our economy is only for us to get the economy back on its feet. the question again in my view is by how much? david: we can't let it go without talking some basics about stocks. what oil companies are well positioned even if oil comes down to $75 per barrel, which oil companies could withstand that and still do well? >> they usually have less volatility, so if oil prices come down, you want to go into those companies that have the balance sheet. david: looking at chevron and murphy right now. >> these are the most highly leveraged. these will benefit if prices are high or go higher. but relative like exxon would go down, but not as much as the energy sector in general. david: i will pay for drinks for you and sandy so i can be there and listen to a continuation of this argument, if you will on the question of speculation. great to see you again. david: constructive conversation. thank you, appreciate it. sandra: earnings season and the banks are rolling in, who will be the winners and losers? coming up, analyst fred hintz lets us know. david: and
our economy is only for us to get the economy back on its feet. the question again in my view is by how much? david: we can't let it go without talking some basics about stocks. what oil companies are well positioned even if oil comes down to $75 per barrel, which oil companies could withstand that and still do well? >> they usually have less volatility, so if oil prices come down, you want to go into those companies that have the balance sheet. david: looking at chevron and murphy right...
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, come back to the economy and come back to the economy. why? because the american people vote with their wallets. this is an election about getting our economy going again and getting the american people back to work. mitt romney has created hundreds of thousands of jobs. he understands how to create jobs. he also understands the way government can do to destroy jobs in our country. and so, having him out there with this plan in talking about his plan on staying focused on this plane is exactly what needs to happen. or as i like to say, he made the sale the other night and he made the sale and a big way. [applause] you know, there's a big grandpa that came out today, battleground poll circuit democrats and republican pollsters who do these together. 73% of the people in the battleground poll, the gallup poll this morning from the 72% of the people who watched the debate thought that mitt romney won. [applause] how about this. have a 63% of the democrats who watched the debate thought i romney won. [applause] lausanne, and just to make a gu
, come back to the economy and come back to the economy. why? because the american people vote with their wallets. this is an election about getting our economy going again and getting the american people back to work. mitt romney has created hundreds of thousands of jobs. he understands how to create jobs. he also understands the way government can do to destroy jobs in our country. and so, having him out there with this plan in talking about his plan on staying focused on this plane is...
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Oct 10, 2012
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federal reserve is also cautious about the economy. it sees risks to growth over the short term, but minutes from its latest policy meeting show fed officials are still optimistic about the long haul. and on wall street today, worries about the coming flood of corporate earnings-- the dow lost 110 points, the nasdaq dropped 47, the s&p was off 14.5%. that sell-off comes on the five- year anniversary of all-time highs for the dow and s&p 500. after a crazy ride in which both averages lost half their value, today, they're within striking distance of those magic numbers. suzanne pratt takes a look at whether we'll see the milestones anytime soon. >> reporter: here's where the major averages are currently trading. the dow is within 690 points of its all-time high, while the s&p 500 is 124 away from its best level. a few really good days and perhaps we'll have new milestones for one or both of the major indexes. veteran floor trader art cashin says it's a possibility, but there's not a lot of conviction among investors today. >> you can see
federal reserve is also cautious about the economy. it sees risks to growth over the short term, but minutes from its latest policy meeting show fed officials are still optimistic about the long haul. and on wall street today, worries about the coming flood of corporate earnings-- the dow lost 110 points, the nasdaq dropped 47, the s&p was off 14.5%. that sell-off comes on the five- year anniversary of all-time highs for the dow and s&p 500. after a crazy ride in which both averages...
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that is bad for the economy. fewer people working in full-time jobs or just create fewer jobs. >> or they pass along the price to the consumers by raising the price of their goods and services also bad for the economy because we're at a time when people aren't out there buying that much stuff. do you think politicians don't understand basic economicses? >> one thing really interesting about it to note, they arbitrarily decided what the definition of full-time should be. for white castle decades, 35 hours a week is full time. the law stipulates it is 30 hours per week. right away there are fundamental shifts in terms how we've done business and how we have gone to market that really make it difficult. we compete against each other fiercely with our colleagues and our peers in the industry. this adds another layer of uncertainty as we try to cope what happens next. melissa: what are you guys doing to deal with this? >> you know at white castle we're family owned. we just celebrated our 91st anniversary, our 91st bi
that is bad for the economy. fewer people working in full-time jobs or just create fewer jobs. >> or they pass along the price to the consumers by raising the price of their goods and services also bad for the economy because we're at a time when people aren't out there buying that much stuff. do you think politicians don't understand basic economicses? >> one thing really interesting about it to note, they arbitrarily decided what the definition of full-time should be. for white...
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with europe's economy contract in the united states headed for a fiscal cliff and emerging economies like india and china also slowing down i.m.f. leaders are calling on policymakers to address the threat. in their economies all around the world the world we're witnessing the collapse of corporate globalism the only question left is just how messy will it get before working people around the world come together to forge a new economy for the twenty first century that question is especially important in greece where tens of thousands of demonstrators six's streets today to protest their financial overlord and german chancellor angela merkel greek attempts to ban protests during merkel's visit. were unsuccessful and more than twenty five thousand people still turned out to demonstrate merkel attempted to express solidarity with the greek people acknowledging that it's been a very difficult phase but part of the journey has already been accomplished she was met with signs that read mirco we are free nation and not your colony to german policy makers like merkel who are shoving austerity
with europe's economy contract in the united states headed for a fiscal cliff and emerging economies like india and china also slowing down i.m.f. leaders are calling on policymakers to address the threat. in their economies all around the world the world we're witnessing the collapse of corporate globalism the only question left is just how messy will it get before working people around the world come together to forge a new economy for the twenty first century that question is especially...
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i think it will be quite disastrous for the near-term economy. apparently to cover would partly be back in recession. that is not what we ought to do. the congresswoman had it right. we need to focus on the long-term. bring us together retire gradually. neil: the first debate between the candidates, the argument that mitt romney made for his aggressive 20 percent tax cuts across the board is there were not $5 trillion. when you phase out a lot of exemptions and deductions it woold be a lot -- okay. that think we lost there. we have lost there. is it really 5 trillion? here rid of exemptions and specific breaks. something that will probably come up in the vice-presidential debate. might be a wash. revenue neutral. we shall see. my apologies. in the meantime, safety regulators miss the deadly damage done because they were regulating it too much other stuff that was not. ♪ you see us, at the start o. on the company phone list th's a few nam longe you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at u
i think it will be quite disastrous for the near-term economy. apparently to cover would partly be back in recession. that is not what we ought to do. the congresswoman had it right. we need to focus on the long-term. bring us together retire gradually. neil: the first debate between the candidates, the argument that mitt romney made for his aggressive 20 percent tax cuts across the board is there were not $5 trillion. when you phase out a lot of exemptions and deductions it woold be a lot --...
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that would hurt the economy and it would hit people hard. if you have a mortgage of 100,000 pounds, just a 1% increase in interest rates would mean an extra thousand pounds to pay each year. so labour's plan to borrow more is actually a massive gamble with our economy and our future. it would squander all of the sacrifices we have already made. and let me put it like this. we are here because we spent too much and borrowed too much. how on earth can be answered be more spending and more borrowing? [applause] >> i honestly think that labour haven't learned a single thing. when they were in office the answer was always borrow more money. now they're out of office its borrow more money. whatever the day, whatever the weather, it is always borrow, borrow, borrow. labour, the party of one mission, borrowing. [applause] >> there are times i wonder whether they know anything about the real economy at all. in the last week, ed miliband said about taxes, he described a tax cut as the government writing people a check. i hope you don't want, i just wa
that would hurt the economy and it would hit people hard. if you have a mortgage of 100,000 pounds, just a 1% increase in interest rates would mean an extra thousand pounds to pay each year. so labour's plan to borrow more is actually a massive gamble with our economy and our future. it would squander all of the sacrifices we have already made. and let me put it like this. we are here because we spent too much and borrowed too much. how on earth can be answered be more spending and more...
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>>guest: that is how the economy works. we are having a guest on my program which is on at 5:00 p.m., the guy from white castle, do you want to stop by? right across the hall in 30 minutes. >>neil: is he bringing anything, i wonder? >>guest: i could set that up. we will ask him about the health care question but i am always going to ask if he has brought neil cavuto cheeseburgers. >>neil: not the cheese. not the cheese. is it meat? kidding. kidding. kidding. love them. you have a great show. one of the best additions to our fine network. she is brillant but she is also fund and funny. >>guest: i could stay all day. >>neil: i have to tell you as the c.e.o.'s are dealing with the health care changes, others are raising holy hell. that 8:00 p.m. on fox business network, something this casino magnet just said could change the face of the presidential race. big stuff. osama bin laden is dead. general motors is alive. but g.m. is still struggling. fears that thousands of osama bin laden wanna bees are very much alive. say it ain'
>>guest: that is how the economy works. we are having a guest on my program which is on at 5:00 p.m., the guy from white castle, do you want to stop by? right across the hall in 30 minutes. >>neil: is he bringing anything, i wonder? >>guest: i could set that up. we will ask him about the health care question but i am always going to ask if he has brought neil cavuto cheeseburgers. >>neil: not the cheese. not the cheese. is it meat? kidding. kidding. kidding. love them....
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we can reestablish this economy as the leading economy in the world. there was a lot of attention paid to the numbers last week. the important point is 7.8% is good if it comes down. we have to look at the bigger number which is much higher. that is the more troubling number. i note some have been out for 27 -- almost 5 million americans have been out of work for 27 weeks. they have become much more difficult to import. -- employ. we have a mismatch. if we're going to look at numbers, the way to fix this is not focusing on employment. it is focusing in on growth. the g.d.p. was 1.9% in the first quarter. it is revised down to 1.3% in the second quarter. we should be attacking the gdp in growth number. employment is an output of growth. we have to concentrate on growth, not unemployment. >> if you're all saying the policies are wrong get america still the single biggest bright spot, might it be right? >> it might suggest we have the most innovative people in the world, at that we have an extraordinary university system, that we have the greatest collect
we can reestablish this economy as the leading economy in the world. there was a lot of attention paid to the numbers last week. the important point is 7.8% is good if it comes down. we have to look at the bigger number which is much higher. that is the more troubling number. i note some have been out for 27 -- almost 5 million americans have been out of work for 27 weeks. they have become much more difficult to import. -- employ. we have a mismatch. if we're going to look at numbers, the way...
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but the economy is not in bad shape. the economy is not in bad recessionary shape and a political revolution is coming and i want to get your take. after you get through taking profits, michael, what happens next? do you buy them back? >> i think you do a little bit, larry. i think there's certainly time to take some off the table. i'm glad we don't have to pay attention to third-quarter earnings. i've been sweating that. but 2% gdp growth after you get to an almost 10% deficit spend of $3 trillion out of deficit stimulus, it's not robust growth. what happens in this election is important. clearly people have to get out and vote. what's going to happen on this groundwork and infrastructure of our economy over the next four years is going to be crucial for future generations. >>. no, it's not about infrastructure. it has nothing to do with infrastructure. david, it has to do with mitt romney's brilliant tax reform plan to lower the rates and broaden the base and cap the deductions. we're going to talk about that in the ne
but the economy is not in bad shape. the economy is not in bad recessionary shape and a political revolution is coming and i want to get your take. after you get through taking profits, michael, what happens next? do you buy them back? >> i think you do a little bit, larry. i think there's certainly time to take some off the table. i'm glad we don't have to pay attention to third-quarter earnings. i've been sweating that. but 2% gdp growth after you get to an almost 10% deficit spend of...
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. >> big yellow, a menace to our economy. mitt romney knows it's not wall street you have to worry about it's sesame street. >> people are criticizing that ad. are they right or wrong? i will decide. later in the program, is this the world's worst wedding ever? >> in the video, you can see officers wield be batons. it was necessary to control the crowd which police say had been drinking. >> that's not even the elbow of the day although a couple of elbows did fly in that. all right it's go time! ♪ ♪ >> bernie madoff. >> big bird. >> big bird. >> glut tons of greed. one man has the gouts speak its name. >> it's me, big bird. >> i love big bird. >> somebody's cracking down on big bird. >> big yellow, a manness to our economy. >> he's going to bring the hammer down on sesame street. >> we just think it's time you flew the coop. >> that was a good debate. i liked the debate. >> new strategies, just call it liars. >> don't pay attention to that behind the curtain. >> romney, ryan, 2012. yay! >> well, democrats woke up this morn
. >> big yellow, a menace to our economy. mitt romney knows it's not wall street you have to worry about it's sesame street. >> people are criticizing that ad. are they right or wrong? i will decide. later in the program, is this the world's worst wedding ever? >> in the video, you can see officers wield be batons. it was necessary to control the crowd which police say had been drinking. >> that's not even the elbow of the day although a couple of elbows did fly in that....
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homeowners what will it take for lawmakers to realize that helping homeowners means helping the entire economy to. come to your take my take live our phone lines are now open so if you want to share an opinion make a comment ask a question live on the air any topic you want it's an open mike time the show we call it or anything goes give us a call it two or two and i know for twenty one thirty four so our first caller the night jim in philadelphia eight jim what's on your mind and i. hope. ok well today on our radio show we had a number of really interesting topics the first was we had reverend bill keller on talking about how he was suggesting that people write in jesus as their as their as their vote don't don't vote for obama or romney is right in jesus and so i was asking ok you know who would jesus vote for and you know who represents those values and bill is a hardcore right wing fundamentalist so it was really interesting to get that now said people talking about big bird kevin in manhattan is on the line right now kevin thanks for calling two zero two nine zero four twenty one thirty f
homeowners what will it take for lawmakers to realize that helping homeowners means helping the entire economy to. come to your take my take live our phone lines are now open so if you want to share an opinion make a comment ask a question live on the air any topic you want it's an open mike time the show we call it or anything goes give us a call it two or two and i know for twenty one thirty four so our first caller the night jim in philadelphia eight jim what's on your mind and i. hope. ok...
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the chinese leadership understands that the economy is slowing down. they've put a program in place, which is starting now. it's probably going to take to the end of the fourth quarter to have this visibly in the economic activity, but other than that, i'm pretty optimistic. >> let's take a quick look at how alcoa shares are responding, down 1.3%. this raises a question, is he still optimistic? but shares are lower. what's your impression? >> i think alcoa is usually kicking off on the season, and although it's really a resource type company and the wider framework of banking is still to come, but it's interesting, the 9% fall in sales. it's an indication of both the contraction we're seeing in growth for the global economy, which is expressed in those figures, and the only way companies continue to meet expectations, which we have to say are pretty low now, to beat expectations is not going to be too difficult. to beat expectations is still being done by trying to squeeze that margin up, keep costs down, and i'm concerned that if we see more figures o
the chinese leadership understands that the economy is slowing down. they've put a program in place, which is starting now. it's probably going to take to the end of the fourth quarter to have this visibly in the economic activity, but other than that, i'm pretty optimistic. >> let's take a quick look at how alcoa shares are responding, down 1.3%. this raises a question, is he still optimistic? but shares are lower. what's your impression? >> i think alcoa is usually kicking off on...
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malays malaysia's economy has expanded about ten-fold over the past 30 years, and the new economy has new priorities. >> i think future look east policy program should be more targeted and more closely linked to specific outcomes. >> reporter: japanese-style management was once highly regarded, but the country has lost its status as asia's economic leader. malaysia is looking for other things to learn. japanese environmental and energy-saving technologies lead the world. malaysia plans to refocus its look east policy on those areas over the years to come. nabila nishaa, nhk world, kuala lumpur. >>> the latest in medical science has gone on display in yokohama near tokyo. exhibitors at biojapan 2012 are presenting the latest in drugs, technologies and medical equipment. more than 400 universities, research facilities and businesses are taking part. this booth presents ips technology-related patents belonging to a company run by japanese scientist shinya yamanaka. the brother received attention from visitors interested in finding out about the use of ips cells. yamanaka won this year's
malays malaysia's economy has expanded about ten-fold over the past 30 years, and the new economy has new priorities. >> i think future look east policy program should be more targeted and more closely linked to specific outcomes. >> reporter: japanese-style management was once highly regarded, but the country has lost its status as asia's economic leader. malaysia is looking for other things to learn. japanese environmental and energy-saving technologies lead the world. malaysia...
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economy? i just finished harry dent's book and he thinks deflation is the next bugga boo. >> that's the big struggle. i mean, i think you look at bears. the bears are still split between those thinking we will have a deflation ary outcome and the inflation ary outcome. there is risk that velocity does not pick up and we end up going through a horrible deflation. velocity could pick up and he is going to do everything he can to try to get inflation going and then maybe it does lead to hyperinflation. i wish i was that smart. that is why i love gold because gold does well in deflation and inflation circumstances. >> we will leave it there. always good to see you. david tice of tice capital. >> let's touch on this news. s&p downgrading spain with an outlook of negative. it looks like a one notch downgrade. we are waiting for the moody's assessment of spain and the banks to come out. that was the one that was widely anticipated. >> i think people were disappointed by the stress test and the amount
economy? i just finished harry dent's book and he thinks deflation is the next bugga boo. >> that's the big struggle. i mean, i think you look at bears. the bears are still split between those thinking we will have a deflation ary outcome and the inflation ary outcome. there is risk that velocity does not pick up and we end up going through a horrible deflation. velocity could pick up and he is going to do everything he can to try to get inflation going and then maybe it does lead to...
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we're a little bit more cautious with the expert-driven economy, construction economy, companies such as 3m. a little more defensive there. >> lee, if, in fact, we're talking about slowdown in production but a rise in consumption in china, why would you buy caterpillar right now? >> well, first of all, i think we have to remember you look at a yum brand that has 40, 45% of their earnings coming from china. caterpillar has a very low amount of earnings directly from china. everybody on the street agrees that caterpillar moves with our expectation of how good china will grow. but caterpillar is just starting that growth stage versus yum. it already has so much riding on the chinese economy. the other guest, i hear you. if you think that deceleration is not going to be a problem, that's fine. i would rather go with a company that has a game to win versus a game to lose. yum is extremely dependent. that company structure is dependent on china working out. i wouldn't necessarily disagree or agree with having that stock. but caterpillar has much less of their actual earnings coming from tha
we're a little bit more cautious with the expert-driven economy, construction economy, companies such as 3m. a little more defensive there. >> lee, if, in fact, we're talking about slowdown in production but a rise in consumption in china, why would you buy caterpillar right now? >> well, first of all, i think we have to remember you look at a yum brand that has 40, 45% of their earnings coming from china. caterpillar has a very low amount of earnings directly from china. everybody...
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>> i think governor romney would be better for the economy. so i don't think -- near term, there's not much either president is going to do. >> why would he be better? >> pardon me? >> why would he be better, do you think? >> well, i think we've had four years of very sluggish economic growth. i think governor romney understands the economy. he's been in the business world. i think he would be a big boost of confidence. >> let me pursue what you said earlier about the economy. you see it going sideways. is that globally? is that just the united states? is it internationally? bear in mind, last night we heard from alcoa and klaus kleinfeld seeing a decline in demand for aluminum internationally. what about what you're seeing right now economically? >> we're seeing north america, the united states basically flat. that feels sideways. europe is down a bit, but our business in europe is heavily tilted to eastern europe and includes russia. our business is actually up in russia and eastern europe. brazil feels like the united states. china, i think
>> i think governor romney would be better for the economy. so i don't think -- near term, there's not much either president is going to do. >> why would he be better? >> pardon me? >> why would he be better, do you think? >> well, i think we've had four years of very sluggish economic growth. i think governor romney understands the economy. he's been in the business world. i think he would be a big boost of confidence. >> let me pursue what you said earlier...
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. >> more part-time jobs coming into the economy. here is dart den restaurants. considering more part-time jobs to address health reform costs. telling fox business the law is so rigid there is no flexibility in it at all. hear is the deal, hear is the bottom line. basically the high cost of affordable care. if you work 30 hours a week you are supposed to be getting health insurance. if you go below 30 hours you don't get health insurance. if the company doesn't provide you 30 hours a week, the company pay as fine of 3 tow per worker. the incentive to drop below the 30 hour per week water mark. the problem these companies, restaurants like darden which owns olive garden and longhorn steakhouse, they were providing cheap health care coverage to workers. they were doing that the health reform law struck it out. it obliterated it because they were too cheap. they didn't provide enough in the way of benefits. a lot of high turnover in these industries. they are naturally part-time. we may start to look like japan where 25% of the workforce is part-time. the u.s. is r
. >> more part-time jobs coming into the economy. here is dart den restaurants. considering more part-time jobs to address health reform costs. telling fox business the law is so rigid there is no flexibility in it at all. hear is the deal, hear is the bottom line. basically the high cost of affordable care. if you work 30 hours a week you are supposed to be getting health insurance. if you go below 30 hours you don't get health insurance. if the company doesn't provide you 30 hours a...
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find out what's really happening to the global economy with my next concert for a no holds barred look at the global financial headlines tune in to come as a report on our. clearly there's been a lot of controversy surrounding the already controversial national defense authorization act of two thousand and twelve or the n.b.a. a law that obama signed into law last new year's eve and the part of the n.b.a. that has people worried is specifically section ten twenty one b. the provision giving the military the right to indefinitely detain american citizens group activists and lawyers including the pulitzer prize winning journalist chris hedges attempted to rid the law of this indefinite detention quads by finding a lawsuit against obama in the justice department earlier this year u.s. judge katherine forest ruled in favor of the plaintiffs stating that section ten twenty one b. is unconstitutional and violates citizens' rights protected by the first and fifth amendments and she placed a temporary injunction on the provision and in september judge forrest decided to make the injunction per
find out what's really happening to the global economy with my next concert for a no holds barred look at the global financial headlines tune in to come as a report on our. clearly there's been a lot of controversy surrounding the already controversial national defense authorization act of two thousand and twelve or the n.b.a. a law that obama signed into law last new year's eve and the part of the n.b.a. that has people worried is specifically section ten twenty one b. the provision giving the...
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to help the rest of the economy. more attuned process of july average where they need to be helped with the stronger economy in europe. >> you mentioned baking unions and stressed it is important but also it will take time to get under way. could you elaborate? is it moving to insurance? what is the most important? your review the european wide banking union should supervise the important banks because it is a practical difficulty? >> menu address the issue of resolution you have to have the proper tools of the resolution but not to will pay for that so with the time table there are practical implications. sell another supervisor is very tough even a with the local supervisor this is floor compatibility so with countries like germany or how fast they consider the complexity. it would be much more practical and larger banks in europe. this provision is easier to handle and 6,000 banks. but the point* take and by the european commission is at the end of the day the savings banks if you go ahead to do this provision you
to help the rest of the economy. more attuned process of july average where they need to be helped with the stronger economy in europe. >> you mentioned baking unions and stressed it is important but also it will take time to get under way. could you elaborate? is it moving to insurance? what is the most important? your review the european wide banking union should supervise the important banks because it is a practical difficulty? >> menu address the issue of resolution you have to...
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these are people that crashed our economy. they got bailed out and they're still recklessly gambling with america's future. mr. romney is mr. 1%. everybody knows whose side he is on. he made his millions shutting down factories and shipping jobs ovseas. melissa: you don'ta money when you shut down factories. that is the biggest misconception about private equity. when you invest in a business and gout of business you lose your investment. i don't know how everybody misses that. >> well apparently a lot cheaper to hire people in china working for pennies on the dollar. that is probably why he shippejobs overseas. melissa: i shouldn't have taken that bait. we have to keep it on topic. justin, d the obama campaign compare, care about losing this money when they aren't getting s much from hollywood. afr all, i is only million bucks. who cares? >> that was great point. i would make the same point. campaigns, president obama raised 100 dal millio, both campaigns raised $100 million per month last f months. million dollars from one p
these are people that crashed our economy. they got bailed out and they're still recklessly gambling with america's future. mr. romney is mr. 1%. everybody knows whose side he is on. he made his millions shutting down factories and shipping jobs ovseas. melissa: you don'ta money when you shut down factories. that is the biggest misconception about private equity. when you invest in a business and gout of business you lose your investment. i don't know how everybody misses that. >> well...
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rather than just offered ownership and to me, that's really what wha* the shared economy is about and this great incubating ia of scooter sharing is wonderfulfinger these are all electric, you can power this up on 18 cents worth of power as compared to what gasoline prices are. it takes, if you want to go around the city at 30 miles an hour, it will be less than half of the power of a toaster. it's equivalent to 850 miles a gallon to be on one of these electric scooters. i think it's safe, obviously we're going train people in the right way to abide but all the traffic regulations that we have, but as i sit in my car on days where i have to wait and 7, watch these scooters go by, it's kind of like where am i and what am i doing and can i contribute even more, so it's exciting to see this happen in san francisco, to see its launch, it's exciting that it's an idea that incubated out of the hub, it's exciting to not only see that it's fun for people to get around, to be more efficient and to kind of stralgts the lanes, but it's exciting to know it contributes so much of the goals of this
rather than just offered ownership and to me, that's really what wha* the shared economy is about and this great incubating ia of scooter sharing is wonderfulfinger these are all electric, you can power this up on 18 cents worth of power as compared to what gasoline prices are. it takes, if you want to go around the city at 30 miles an hour, it will be less than half of the power of a toaster. it's equivalent to 850 miles a gallon to be on one of these electric scooters. i think it's safe,...
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and because we are growing and a vibrant economy we require a growing and diverse supply of housing. so we need a housing trust fund. that's proposition c creating a permanent fund to fund housing in san francisco we'll be sure it's a vibrant place for everyone to live, diverse backgrounds and diverse economic spectrums. i remain committed to stabilizing and increasing middle to affordable housing which will create jobs and make sure people and families can stay in our great city. diverse interests do come together to make sure, after years of debate, that we have a long range sustainable plan to fund the supportable housing mandate for its production increasing home ownership and stimulating market rate production as well. and we need to continue to invest in our infrastructure needed in our city so that quality parks and open spaces can be the attraction for residents for generations to come. in san francisco we're pretty unique. we love our parks. we love our open spaces. and we need them to continue being a world class city. whenever i go to companies and have a chance to talk to
and because we are growing and a vibrant economy we require a growing and diverse supply of housing. so we need a housing trust fund. that's proposition c creating a permanent fund to fund housing in san francisco we'll be sure it's a vibrant place for everyone to live, diverse backgrounds and diverse economic spectrums. i remain committed to stabilizing and increasing middle to affordable housing which will create jobs and make sure people and families can stay in our great city. diverse...
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the resulting economy has resulted in internet base for short term rentals and many of the rentals are illegal and the hotel tax is not collected. should the city legalize some or all of the arrangements and collect a hotel tax and we will begin with you -- i will be glad to repeat the question. >> i honestly don't know how you would enforce a law like that. of course everyone should pay their fair share but i don't know how you could enforce that. i believe we should standardize the inlaw units, maybe sure they're up to code and regulate any new units but as far as taxation i cannot see how you could actually enforce that and collect the taxes on it. >> thank you sir. mr. yee. >> cheryl i just want to make sure -- >> i can repeat it. there is internet base market for short base rentals and they sublease units to visitors and tourists and many are illegal and the city's hotel tax is not collected. should the city legalize these arrangements and collect the hotel tax? >> i traveled to different countries and i go to the internet and they have hotels and these rentals advertise and i hav
the resulting economy has resulted in internet base for short term rentals and many of the rentals are illegal and the hotel tax is not collected. should the city legalize some or all of the arrangements and collect a hotel tax and we will begin with you -- i will be glad to repeat the question. >> i honestly don't know how you would enforce a law like that. of course everyone should pay their fair share but i don't know how you could enforce that. i believe we should standardize the...
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i'll just create a better economy by snapping my fingers now. don't know how long he can get away with this, maybe until election day, but he's taking this position that it almost doesn't matter what he says as long as it sounds good at the time. >> cecile, let me ask you about, when you get up in the morning and worry about the possibility of this election going the wrong way from your perspective of a volunteer for obama, when you really think, and you have to talk to your best friends whom we care most about, when you tell pro choice women what they should fear from the next administration, should it be a romney administration, what is your concerns? what are the list of concerns you have? >> first of all, the thought that my daughters would have fewer rights than i do, or my granddaughters or other folks' children, women would literally lose the right to make their own personal decisions about health care, about having children is absolutely incredible. that is frightening. the other thing that's an immediate concern is planned parenthood. w
i'll just create a better economy by snapping my fingers now. don't know how long he can get away with this, maybe until election day, but he's taking this position that it almost doesn't matter what he says as long as it sounds good at the time. >> cecile, let me ask you about, when you get up in the morning and worry about the possibility of this election going the wrong way from your perspective of a volunteer for obama, when you really think, and you have to talk to your best friends...